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South Korea will let qualifying foreign companies trade the won onshore, which is currently limited to local banks and about six and a half hours a day. The change is aimed at broadening access to the won market.
This is a currency market structure change with little direct effect on feed commodity prices, though it may modestly ease won hedging and funding costs for Korean feed importers over time.
reuters.comSep 26, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
